ATFX Detailed Broker Review

ATFX Detailed Broker Review

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ATFX is an online Forex brokerage that was founded in 2014. Its headquarters are located in Cyprus. This firm is regulated by the Cyprus Securities and Exchange Commission (CySEC). ATFX has different trading accounts to choose from and it has low trading costs.

ATFX Detailed Broker Review

ATFX’s Trading Accounts

ATFX offers two different account types: the Standard account and the Edge account. 

The Standard account is suitable for clients who do not have any experience in the trading markets. On the other hand, the Edge account is meant for more established traders. All account types have leverage options, margin call and stop out levels, and the ability to use Expert Advisors (EAs). 

The standard account has a required $200 minimum deposit. The spread is up to 1.2 pips and there is no commission fee. 

Edge account has a required $5,000 minimum deposit. The spread starts from 0.5 pips and there is a commission fee worth $3 per side or lot. 

A Standard account offers higher spreads with no commission fees. Meanwhile, the spreads are much better for an Edge account but a client needs to pay for commission fees.

ATFX does not charge swap fees, so there is no option to sign up for an Islamic account. However, all ATFX accounts technically conform to the Shariah laws.  

Clients who want to get their accounts verified must provide supporting documents. 

ATFX offers demo accounts for those clients who would like to practice trading on the platform without investing real money. 

MetaTrader 4 Trading Platform

All ATFX accounts have access to use the award-winning MetaTrader 4 (MT4) platform. MT4 is a highly popular trading platform and it has the most efficient trading instruments that are very useful when it comes to Forex trading. Traders can download MT4 for Windows, Apple Store, and Google Play. 

The Mt4 platform is also available on mobile phones, tablets, or personal computers which are very convenient. However, if clients don’t want to go through the installation process, they can always access the MT4 platform through the WebTrader. It is MT4’s browser-based version.

MT4 offers a user-friendly interface and it is much secured. It has a variety of built-in tools including customizable chartsand technical indicators. 

Customer Support

ATFX supports a wide range of languages including English, Arabic, Chinese, Czech, French, German, Greek, Indonesian, Italian, Hungarian, Japanese, Korean, Malaysian, Romanian, Russian, Spanish, Thai, Filipino, Turkish, and Vietnamese.

This broker won the Best Customer Service award from ADVFN in 2019. Its customer support can be reached by phone Monday to Friday from 08:00 to 18:00 GMT+2.   

ATFX provides two contact numbers and a variety of different email addresses for specific departments. Its main hotline phone number is +357 25 258 774 (Monday to Friday from 08:00 to 18:00 GMT+2) and its closing number is +357 25 258 777 (Monday to Friday available 24 hours).

ATFX’s email addresses:

Users’Reviews

“Good Spreads. New, but worth trying out. Good Spreads on Edge acct if you can afford the minimum deposit. Great customer care.”

  • The Overseas Trader (February 18, 2018)

“More than forty different pairs of currencies to trade. As a Forex trader, they have more than sufficient currency pairs to trade with.”

  • Richard Rodriguez (February 15, 2018)

“CySEC regulated broker. I feel confident that my money is safe with this broker as they are regulated by CySEC.”

  • Sandra Starks (February 15, 2018)

“Fair customer support.Good customer support. They helped me several times.”

  • Miguel Nully (February 15, 2018)

“I’ve been working with them for the last eight months, but trading CFDs for years. I usually don’t talk to them too much, but when I do, customer support is good. What I like the most is their platform. I’ve got used to it, and now it would be hard for me to change it. Fair spreads for majors. No requotes, no slippage. Maybe some people won’t agree with me, but in my humble opinion, a top3 platform for trading Forex. The only problem is they are a bit expensive in some exotic commodities and not-so-liquid-indices.”

  • Edward Don (November 5, 2016)

“Been with a few brokers over the years and these guys stand out simply because of their customer service and support – can’t understand some of the reviews below. In my experience, they’ve always helped me to take on more knowledge and take a much more active role in your trading than some others.”

  • Laurence T (October 28, 2016)
ATFX Detailed Broker Review

Educational Trading Materials

ATFX aims to give its clients successful trading experience. To aid in this aim, this brokerage firm provides educational trading materials. Compared to other Forex brokers, ATFX has a vast range of e-books and other resources. Moreover, this broker focuses on webinars.The webinars are free to ATFX clients but it requires registration. Traders could also find a wide variety of tools built directly into the MT4 platform.